Cboe Expands in Canada With Deal to Buy NEO Parent Aequitas

Cboe Global Markets Inc. is expanding its Canadian operations with a deal to buy Aequitas Innovations Inc., parent of Toronto-based NEO Exchange.

The acquisition will help Chicago-based Cboe build its presence in North America by adding the registered Canadian securities exchange and related products, the companies said in a statement Monday. Terms weren’t disclosed.

Cboe already owns MATCHNow, the Toronto-based alternative-trading system it acquired in 2020. With both businesses, Cboe will have a combined market share in Canadian equities of more than 16.5%, along with market-data feeds, access services, listings and distribution services for non-listed securities, according to the ...